Bollard Group LLC Acquires 3,695 Shares of Pearson, PLC (NYSE:PSO)

Bollard Group LLC increased its stake in Pearson, PLC (NYSE:PSO) by 4.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 79,904 shares of the company’s stock after buying an additional 3,695 shares during the period. Bollard Group LLC’s holdings in Pearson, PLC were worth $717,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in Pearson, PLC by 20.7% in the first quarter. US Bancorp DE now owns 11,872 shares of the company’s stock valued at $101,000 after buying an additional 2,035 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Pearson, PLC during the first quarter valued at approximately $305,000. Advisors Asset Management Inc. raised its stake in shares of Pearson, PLC by 12.9% in the first quarter. Advisors Asset Management Inc. now owns 180,898 shares of the company’s stock valued at $1,534,000 after buying an additional 20,647 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Pearson, PLC by 2.1% in the first quarter. State Treasurer State of Michigan now owns 1,061,600 shares of the company’s stock valued at $9,002,000 after buying an additional 21,500 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Pearson, PLC by 4.5% in the first quarter. Wells Fargo & Company MN now owns 139,904 shares of the company’s stock valued at $1,186,000 after buying an additional 6,083 shares during the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Pearson, PLC (NYSE:PSO) traded up 0.83% on Wednesday, hitting $7.90. 454,401 shares of the company were exchanged. The firm’s market cap is $6.44 billion. The stock has a 50 day moving average price of $8.41 and a 200 day moving average price of $8.43. Pearson, PLC has a one year low of $7.04 and a one year high of $11.69.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 18th will be paid a $0.065 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 16th.

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Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Pearson, PLC from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, May 10th. Kepler Capital Markets lowered shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. BidaskClub upgraded shares of Pearson, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Macquarie upgraded shares of Pearson, PLC from a “neutral” rating to an “outperform” rating in a research note on Friday, July 14th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.00.

Pearson, PLC Company Profile

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

Institutional Ownership by Quarter for Pearson, PLC (NYSE:PSO)

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